Monday Mashup

Recent Notes

03/23/15 Monday Mashup

03/23/15 DRI: Room to Breathe

03/27/15 MCD: Putting the Activist Thesis to the Test

Events This Week

• No Events

Recent News Flow

Monday, March 23^rd

• DRI upgraded to outperform at Telsey Advisory Group with a $77 PT.
• RT downgraded to neutral at Longbow Research.
• DENN announced the adoption of a pre-arranged stock trading plan for the purpose of repurchasing a limited number of shares of its common stock between April 6, 2015 and May 6, 2015.

Tuesday, March 24^th

• DNKN promoted Jack Clare to the newly created position of Chief Information and Strategy Officer.  Mr. Clare will be a member of the Dunkin’ Brands Leadership Team and will continue to report directly to the CFO, Paul Carbone. 

Wednesday, March 25^th

• No material news

Thursday, March 27^th

• No material news

Friday, March 28^th

• RRGB target was raised at Miller Tabak following recent checks that suggest upside to 2015 same-store sales guidance.

Commodities

Sector Performance

The SPX (-2.2%) outperformed the XLY (-2.4%) last week.  Both casual dining and quick service stocks, in aggregate, outperformed the SPX.

Quantitative Setup

From a quantitative perspective, the XLY remains bullish on an intermediate-term TREND duration.

Casual Dining Restaurants

Quick Service Restaurants